AnteoTech (ASX:ADO) signed a binding Term Sheet with Black Diamond Structures for the production and commercialization of an advanced battery product, combining AnteoTech's AnteoX cross linker battery product with Black Diamond's single and multi-walled carbon nanotube dispersion technology, according to a Monday Australian bourse filing.

Production will take place at Black Diamond's Texas facility. The product targets electrochemical performance and structural integrity improvements in high-silicon anodes.

The term sheet is intended to serve as the basis for a joint development agreement. It lays out a series of technical and commercial milestones to be achieved within defined timeframes focused on sales.

The firms will pool customer networks and establish a structured communications framework.

Its shares rose 15% in recent trading on Monday.